Question

Explain the ways by which people may be exploited in the market

Answer 1

Consumer may be exploited in the market in the following ways :

(a) Substandard quality : Selling of medicines beyond their expiry date, supply of defective home appliances etc. are the activities by traders in which they sell substandard quality of goods.

(b) Higher prices : Traders sometimes charge a price higher than the retail price (MRP).

(c) Duplicate Articles : Many false and duplicate products are being sold to the consumers.

(c) Less measurement.
(d) Under weighing goods.

(f) Adulteration.
(g) Negligence in service

Answer 2

Consumer may be exploited in the market in the following ways :

(a) Substandard quality : Selling of medicines beyond their expiry date, supply of defective home appliances etc. are the activities by traders in which they sell substandard quality of goods.

(b) Higher prices : Traders sometimes charge a price higher than the retail price (MRP).

(c) Duplicate Articles : Many false and duplicate products are being sold to the consumers.